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Before a well-deserved summer break, real estate companies publish their results for the first six months of 2021. The conclusion that can already be (...)
With a better-than-expected first half, Covivio is raising its EPRA Earnings guidance for 2021 to between €390m and €400m (€4.1 to €4.2 per share), (...)
According to our sources, for its September 7 and 8 edition, French real estate fair Mipim will receive no less than 5,000 visitors. A (...)
With two months to go before the opening of the Mipim September Edition, the teams at RX France (formerly Reed Midem) can be reassured. (...)
Has the development of La Défense been taken over by the private sector? That's the question one might ask: yesterday, Groupama Immobilier unveiled, on (...)
Vinci Immobilier is relentlessly pursuing its rush towards... managed residences. Whether they house senior citizens, students or young professionals, the real estate arm of (...)
The pace of office construction in Paris and its inner suburbs has slowed this winter, according to the 36th edition of the Grand Paris (...)
How do we get through the next property cycle where uncertainty appears, under the prism of the health crisis, to be the best certainty? (...)
Against all expectations, the off-plan office sale segment in the Paris Region reached €3.9 bn in 2020 - a decline of "only" 4% compared to (...)
Barings returns to the Paris office market. After recently selling 9 rue du Helder (Paris 9th) for around €26,000 per square metre, the teams of (...)
According to our information, Motel One has appointed Paul Cotteret — former Hilton employee — as Director Development France & Benelux. He will this (...)
French logistics real estate is definitely whetting the appetite of foreign investors, especially Germans. Deka Immobilien, to feed one of its European vehicles dedicated (...)
With or without the health crisis, Hammerson is continuing its programme of disposals of French shopping centres deemed non-strategic. On the announcement of its (...)
Business Immo: In the face of a health and economic crisis, how do you explain that the thirty or so hotel operators surveyed by (...)
Despite the health crisis and the current uncertainties for the global economy, Schroder Real Estate Investment Management has not lost its appetite for core (...)
The health crisis has been testing the nerves of event professionals in physics for over a year. As Reed Midem confirmed to Business Immo, (...)
A successful value creation strategy for Financière du Grand Palais (FGP) in the Paris CBD! Owner since July 2020 of the 87/89 avenue Kléber (...)
A year ago, Reed Midem was forced to cancel its real estate industry event in Cannes, the Mipim, because of the Covid-19 surge and the (...)
La Défense's The Link - Total's future headquarters - has entered a new phase. In mid-February, Paris La Défense and Groupama Immobilier signed the (...)
"This exceptional year has demonstrated the validity of our business model and our multi-brand strategy.” This is how Alain Taravella, Altarea's Chairman and Founder, (...)
"The resilience of our model and the centrality of our portfolio have enabled us to cope with the shock of the health crisis. "This is how (...)
Covivio's top management can keep its spirits up: despite a gruelling health and economic context, the real estate company has signed an assessment that (...)
Badly hit by the health and economic crisis and a series of restrictive measures, the Pierre et Vacances-Center Parcs Group has just suspended the (...)
As part of its asset rotation policy, Paris-based REIT/SIIC SFL is continuing to sell off "mature" assets in Paris. After selling 112 avenue Wagram, (...)
Exhausting: this is the most appropriate adjective to sum up the year 2020 at Unibail-Rodamco-Westfield (URW). In addition to the health crisis that is (...)
Business Immo: The government announced the closure of non-food shopping centres larger than 20,000 sqm several days ago. Were there already provisions applying to (...)
February 4, 2021 is proving to be a key date for BNP Paribas in its real estate disposal strategy. After selling 14,000 sqm of office (...)
The French, as well as many economic actors were expecting a third lockdown to fight against Covid-19. Rather, President Emmanuel Macron opted for a reinforced (...)
In the midst of a health crisis, real estate experts’ analyses prove invaluable in guiding investors immersed in fog and uncertainty. “Unlike other real estate-related (...)
2020 could have been the annus horribilis for the French commercial real estate investment market. It was quite different... In spite of a health (...)
Assets valued at 30,000 €/sqm are becoming much more common in the Parisian office real estate market than ever before. Nearly two years after acquiring (...)
Yellow jackets, strikes, then a worldwide pandemic reducing the flow of international tourists like a sore thumb: one could not have predicted worse scenarios (...)
The project to renovate the Gare du Nord station deserved much better than long gut conflicts between the City of Paris, the SNCF and (...)
Business Immo: What are the direct repercussions of the second lockdown decreed on 29 October on office property? Guillaume Savard: The current lockdown has little (...)
Following the takeover of the Léon Bressler/Xavier Niel consortium at URW, would the listed REIT/SIIC sign its "remontada" on the Paris stock exchange? Reading (...)
The Refocus consortium — owning 5% in Unibail-Rodamco-Westfield SE ("URW"), won a victory today. After weeks of media battle, shareholders rejected the €3.5bn capital (...)
"Reset" or "Refocus" ? After a (very) media-heavy battle over the strategy to adopt for the recovery of Unibail-Rodamco-Westfield, waged between the management of the Paris-based REIT/SIIC (...)
How can we be optimistic about the future when the health crisis is still hitting hard on whole sections of the French economy? Particularly (...)
Business Immo: Why do you propose a counter-strategy for Unibail-Rodamco-Westfield (URW)? Léon Bressler: First of all, let me say that it is not a counter-strategy. (...)
"Bravo to Léon Bressler and Xavier Niel (...). "In one tweet, Guillaume Poitrinal - former head of the real estate company listed on the (...)
According to BI sources, Reed Smith – a global law firm with over 80 lawyers in Paris - is strengthening its real estate practice (...)
While some players in the real estate industry are feeling the full impact of the health and economic crisis, for others it's quite the (...)
Business Immo: Allianz Real Estate has just signed the acquisition of two of the three Citylights towers in Boulogne-Billancourt – one of the largest commercial real (...)
According to BI sources, Paris-based insurance group BNP Paribas Cardif has sold the City 1 and City 3 towers, part of the CityLights complex in (...)
In the absence of a Cannes edition this year —that was postponed and then cancelled due to the coronavirus epidemic— Mipim will relocate to (...)
This autumn, France’s real estate job market is picking up again. As recently announced on Business Immo, Jean-Marc Coly (62) will soon be retiring (...)
After cancellations and numerous postponements due to the health crisis, the trade shows and fairs will be allowed to reopen as of September 1, (...)
Arthur Loyd has published exclusively for Business Immo the results of its first edition of "Grand Pariscope", a cross-analysis of the off-plan transactions market (...)
According to BI sources, the Paris-based SCPI management company Unofi-Gestion d'Actifs, on behalf of the SCPI Notapierre, has just acquired a 24,700 sqm retail asset housing (...)
Three years after passing under the Global Logistic Properties (GLP) flag for $2.8bn, the British-based Gazeley has adopted the GLP global brand on the European continent. "Since (...)
Despite the current retail environment, IKEA clearly has no intention of revising its ambitions to set up operations in the heart of Paris. Not (...)
The year 2019 will go down in the annals of the real estate portfolio sales market! According to the latest Arthur Loyd data, €8.3bn (...)
Business Immo: Four months after the coronavirus outbreak, what do you take away from this unprecedented crisis on European real estate? Aldo Mazzocco: In mid-2019, (...)
France’s Compagnie financière de Choiseul (CFC) continues its shopping in Paris CBD. According to BI sources, the group chaired by Éric Elkain is going (...)
According to BI sources, after more than five years at the head of Amundi Immobilier, Jean-Marc Coly, 62, is due to retire soon. His (...)
Paris-based Groupama Immobilier and French multinational oil and gas company Total have announced the off-plan signing on 14 March of a lease to make (...)
Keys REIM, the portfolio management company of the Keys Asset Management group, and Citynove, the real estate company of the Galeries Lafayette group, have announced the (...)
Despite the context of the health crisis, rental negotiations are continuing for prime office assets in the Paris CBD. According to BI sources, the real (...)
Despite Covid-19 health crisis, the Paris Golden Triangle - a very off-market sector - continues to whet investors' appetites for freestone buildings in need (...)
In spite of the containment linked to the Covid-19 epidemic, it is still possible to complete real estate investments. According to BI sources, the (...)
Unveiling exclusively for Business Immo the main findings of its survey, conducted* with 176 commercial real estate investors present in France at the time (...)
Savills Investment Management has announced the acquisition, on behalf of a foreign investor and as part of a sale and leaseback, of 35 rue (...)
According to BI sources, Generali Real Estate, on behalf of the GF Pierre fund, has acquired number 40 rue Notre-Dame-des-Victoires, a 3,350 sqm mixed-use (...)
“Our customers are generally cool-minded and aware of their responsibilities towards their ecosystem, their partners and their employees,” confides Nathanaël Trouiller and Emmanuel Cazier, (...)
Business Immo: How do you see the current context related to the coronavirus? Julien Pinault: The circumstances are, in more ways than one, exceptional. The (...)
According to BI sources, #Curve - a building of approximately 24,000 sqm of new office space located in the ZAC de la Montjoie in (...)
Business Immo: Facing the Covid-19 outbreak, what challenges do Gazeley and your logistics platform tenants face? Fabrice Cervoni: The slowdown in activity, or even the (...)
Singaporean logistics giant GLP (Global Logistic Properties) has signed an agreement to acquire a portfolio of logistics properties in Central and Eastern Europe from (...)
With the recent acquisition of the Voltaire Tower, US wealth management giant BlackRock shows more than ever that it has a passion for French real (...)
According to BI sources, after more than 17 years in the ranks of Catella Property France, Arnaud de Sordi, 42, has left his position (...)
According BI sources is separating from Perspective Défense, a 25,000 sqm office building in Colombes, north of the La Défense business district. Entirely renovated (...)
Review of the commercial real estate investment market in 2019, outlook for 2020, evolution of prime yields... Olivier Ambrosiali, Deputy Managing Director in charge (...)
Originally, Thibault Ancely, 42, was to join WeWork's French teams last fall. But, according to BI sources, the former executive director of investments and (...)
It is one of the flagship projects of the ZAC Paris Rive Gauche, in the 13th arrondissement of Paris, which is about to be (...)
France’s CDC Investissement Immobilier - on behalf of the state’s Caisse des Dépôts and insurance group Assurances du Crédit Mutuel (ACM) – has recently (...)
Often considered too cold, too mineral or even too mono-functional, La Défense is the object of all desires. Investors - led by South Koreans (...)
Swiss Life AM is once again showing appetite for Europe's leading business district, Paris La Défense, with the In Défense building now sold by (...)
BNP Paribas REIM has won an off-market bid for a prime Parisian retail site that formerly hosted the flagship store for Italy's Benetton, paying (...)
The duo Pierre Mattei and Cyril Garreau has already set course .. for 2024. Their Paris-based Keys Asset Management, founded in 2011, has hit (...)
Asian investor appetite for large office towers in Paris-La Défense continues unabated, with BI sources saying Singapore's GIC is near to closing on Tower PB6 for (...)
Rising turnover, a €19.4bn development pipeline and strong growth in housing sales brought French REIT Altarea Cogedim solid results in all business lines during (...)
Korean investment group NH, represented by Paris private firm L'Étoile Properties, has taken a 49% stake in the La Défense Eqho Tower, paying €370m, according to BI sources. The (...)
Business Immo: Why is Eurazeo Patrimoine entering the capital of Emerige? Renaud Haberkorn: We are entering the capital of Emerige due to three strong convictions. First of all, the (...)
The historic Paris headquarters of Grand Marnier liqueur makers, 91 boulevard Haussmann, is to be acquired for €70m by Colliers' investment management arm, BI (...)
Likely to be France's deal of the year, Paris's largest office complex, Lumière, has been acquired by fund manager Primonial and Korea's Samsung SRA for (...)
Business Immo: You are the principal contact point for foreign investors potentially interested in Greater Paris. What are your main arguments to convince them? Frank Margain: (...)
LaSalle Investment Management has signed a forward deal worth almost €100m to acquire a 9,800 sqm office block in Paris from Belgium's AG Real (...)
South Korean investors are watching Paris La Défense closely after news Unibail-Rodamco-Westfield has sold the Majunga tower to Seoul-based Mirae Asset Daewoo for €850m. The deal raises (...)
Canada's Oxford Properties, part of the Canadian OMERS pension plan, has acquired one of Paris' most prestigious fashion stores, 273 rue du Saint-Honoré, at (...)
Swiss Life Asset Managers and Ampère Gestion, a unit of French state institution CdC, were revealed last month as winners of the largest French (...)
Without a high-speed rail link and away from the main traffic flows, Austerlitz was long overlooked among Parisian rail termini. But this is about (...)
Eurostar users take note! After a €600m facelift, the Gare du Nord terminal in central Paris will be the equal of London's St. Pancras, according (...)
BI : You recently bought Le Magnum in Levallois-Perret in Paris from Deka. What attracted you to this building and why did you acquire it? Keith (...)
Business Immo: With the Elan law, you take account of the failure of French housing policy for over decades. However you seem to be (...)
Business Immo: Can you introduce Olarchy? Michael Sigda, Cyrille Berthet and Antoine Yeretzian: Olarchy is a platform created by us three in 2018 that will allow real estate (...)
Singapore’s sovereign wealth fund GIC has confirmed its purchase of the 60,000 sqm Paris La Défense PB6 tower, which BI sources in September said (...)
Norges Bank, manager of Norway's giant Pension Fund Global, has signed a €613m cash deal to acquire a retail/office property on Paris's prestigious Champs-Elysées (...)